Newspaper article THE JOURNAL RECORD

Living Costs for Area Well below Average

Newspaper article THE JOURNAL RECORD

Living Costs for Area Well below Average

Article excerpt

By Darrell Morrow

Feature Editor

Living costs in Oklahoma City continued to rank below the national average through second quarter 1992 for the 25th consecutive quarter.

Overall cost-of-living index for Oklahoma City in second quarter 1992 was 92, or 8 percent below the national average of 100, according to the latest figures released by the American Chamber of Commerce Researchers Association.

That figure represents a 0.6 percent increase in Oklahoma City's cost of living since 91.4 was posted in the first quarter of 1992. Oklahoma City's cost of living previously dropped 2 percent between fourth quarter 1991 and first quarter 1992, and dropped 2.6 percent between the third and fourth quarters of 1991.

Results of the second quarter survey, which is conducted in about 300 cities nationwide, including Oklahoma City, were released by Jeff Walraven, research economist who conducts the survey locally for the Oklahoma City Chamber of Commerce.

The American Chamber of Commerce Researchers Association cost-of-living index measures difference between areas in the cost of consumer goods and services, excluding taxes and non-consumer expenditures. It is based on comparisons of 59 items in six basic component areas _ groceries, housing, utilities, transportation, health care, and miscellaneous goods and services.

Oklahoma City ranked below the national average in four of the six categories in second quarter 1992. It slipped slightly, after having ranked below the national average in five of the six categories in the previous two quarters.

Categories in which Oklahoma City ranked below the national average were housing, 77.2; transportation, 94.1; health care, 97.8; and miscellaneous goods and services, 95.5. Oklahoma City showed slight increases in all categories except miscellaneous goods and services, which dropped 0. …

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